Tuesday, December 11, 2007

Freddie Announces Mortgage Fee

Freddie Mac announced on its Web site this morning a 0.25% fee on mortgages it acquires under contracts with settlement dates on or after March 9.The move, designed to boost fee income in the face of growing default losses, matches one announced last week by Fannie Mae, the other big government-sponsored mortgage .Apply for your loans now!

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